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Alibaba’s Ant Financial buys UK currency exchange giant WorldFirst reportedly for around $700M

Ant Financial, the financial services behemoth affiliated with Chinese e-commerce giant Alibaba, has made its first big move into Europe. It’s acquired London-headquartered payments company WorldFirst in a deal that sources tell us is valued at around $700 million. (That price would also line up with multiple reports from December claiming the two were in talks for an acquisition of around £550 million, or $717 million at current exchange rates.) This isn’t your average multi-hundred million ...
Tags: Amazon, TC, Asia, Europe, UK, London, Finance, China, Southeast Asia, US, San Francisco, Tech, Spokesperson, Banking, Economy, Companies


It isn’t just apps. China’s cinemas broke records during Lunar New Year

China celebrated Lunar New Year last week as hundreds of millions of people travelled to their hometowns. While many had longed to see their separated loved ones, others dreaded the weeklong holiday as relatives awkwardly caught up with them with questions like: “Why are you not married? How much do you earn?” Luckily, there are ways to survive the festive time in this digital age. Smartphone usage during this period has historically surged. Short video app TikTok’s China version Douyin notic...
Tags: Travel, Asia, Entertainment, China, Cloud Computing, E-commerce, Smartphone, Companies, Netflix, Alibaba, Tencent, Chinese communist party, Alibaba Group, iQiyi, Baidu, New Years Day


Two former members of Google’s skunkworks division have launched a biomanufacturing company

Biomanufacturing technologies — taking modified versions of existing organisms and bending them to the will of humans — has moved from the world of science fiction to becoming a new reality. Across the startup landscape companies are launching to make synthetic spider silk, or make leather substitutes, or meat substitutes, or novel chemicals and pharmaceuticals. What all of these companies have in common is that they need to be able to rapidly experiment with different organisms and processes fo...
Tags: Travel, Google, TC, Y Combinator, Oil, Articles, Companies, Mit, Pharmaceuticals, North Carolina, Chemicals, Google Ventures, Duke, Biofuels, Biotechnology, Bill Maris


Techstars and Starburst Aerospace are launching a space industry accelerator in Los Angeles

With the help of NASA’s Jet Propulsion Lab, the U.S. Air Force, Lockheed Martin, Maxar Technologies, SAIC and the Israel Aerospace Industries company, Techstars and Starburst Aerospace are launching an accelerator focused on the space industry in Los Angeles. Already a major hub for the space and aerospace startup industry, with companies like SpaceX, Relativity Space, Virgin Orbit, Rocket Lab, Phase Four, and others calling Los Angeles home, the new accelerator will provide another ...
Tags: TC, Accelerator, Spacex, La, Los Angeles, Tech, Nasa, Companies, David Cohen, Lockheed Martin, Spaceflight, Aerospace, TechStars, Mentorships, Bank of America Merrill Lynch, SAIC


India’s Swiggy goes beyond food to offer product delivery from local stores

Swiggy, the Indian food delivery service, has made its much anticipated moved into general deliveries today after it announced its new ‘stores’ product. The move has been speculated since as early as 2017, but recent developments have taken the company closer towards the expansion. Last September, Swiggy picked up delivery service SuprDaily in an acquisition while the company went on to raise a $1 billion funding round in December. That round was led by Naspers, it put Swiggy’s valuation to $...
Tags: Amazon, Food, Ecommerce, Asia, India, Tech, Companies, Tencent, Retail, Bank, Food And Drink, Stores, Websites, Foodpanda, Food Delivery, Zomato


BeliMobilGue raises $10M for its used-car sales platform in Indonesia

BeliMobilGue, a used car sales platform in Indonesia, has fueled up with a $10 million Series round for the race to dominate the automotive market in Southeast Asia’s largest economy. The company was started in 2017 as a joint venture between Europe’s Frontier Car Group (FCG) and Intudo Ventures, a VC firm focused on Indonesia. BeliMobilGue said today that the capital came from FCG and new investors, which include Tunas Toyota — the authorized dealership for Toyota cars in Indonesia. It’s ...
Tags: Google, Startups, Ecommerce, Asia, Europe, Balderton Capital, Indonesia, Finance, Southeast Asia, Africa, Companies, Automotive, Toyota, Java, Latin America, Partech Ventures


Xiaomi-backed electric toothbrush Soocas raises $30 million Series C

China’s Soocas continues to jostle with global toothbrush giants as it raises 200 million yuan ($30 million) in a series C funding round. The Shenzhen-based oral care manufacturer has secured the new capital from lead investor Vision Knight Capital, with Kinzon Capital, Greenwoods Investment, Yunmu Capital and Cathay Capital also participating in the round. The new proceeds arrived less than a year after Soocas, one of Xiaomi’s home appliance portfolio startups, snapped up close to 100 millio...
Tags: Asia, Hardware, China, Funding, Tech, Smartphones, Companies, Alibaba, Xiaomi, Procter & Gamble, Alibaba Group, Electric, Toothbrush, Shenzhen, Euromonitor International, Electric Toothbrush


Taali takes its popped water lily snacks from Y Combinator to the world

Aditya and Aarti Kochhar Kaji didn’t set out to start the snack food business Taali Foods when they were studying for their business degrees at Harvard. The couple both hail from Mumbai and met at the University of Pennsylvania . They were married before starting at Harvard’s Business School and initially were interested in other areas — Aarti was exploring a career in venture capital and Aditya Kaji was looking at the food and beverage industry broadly in his classes at Harvard, Kochhar Kaji ...
Tags: Amazon, Food, TC, Y Combinator, New York, Texas, Whole Foods, California, Entrepreneurship, India, Tech, Companies, Harvard, Pennsylvania, United States, Venture Capital


Ambitious Singapore startup Delegate wants to bring its event booking platform to the US

It’s not often that you hear about a startup from Singapore with ambitions to expand to the U.S, but that’s exactly the goal for event booking service Delegate. Founded in August 2015, the company aims to be a one-stop shop for booking an event, for corporate or personal functions. Beyond the essential step of securing a venue, Delegate’s platform covers a range of different needs that include: food and beverage, photography and videography, flowers and decor, entertainment such as bands, invita...
Tags: Fundings & Exits, Asia, Hong Kong, Pinterest, Australia, La, Southeast Asia, Singapore, Funding, US, Tech, Taiwan, Companies, Austin, United States, Korea


Snigel Design – New Weapon Sling System

This is Snigel Design‘s first appearance here at TFB (well almost). Where does the strange name come from? The company is located in Sweden and in Swedish a snail is called “snigel”. “The snail is the creature that lives in the forest and always carries its house on its back. The name symbolizes what we […] Read More … The post Snigel Design – New Weapon Sling System appeared first on The Firearm Blog.
Tags: Sweden, Guns, Companies, Fbi, Daily News, TFB, Aimpoint, Shooting Accessories, Body Armor, Spuhr, Product Announcement, Best Gear, HK G36, Ak5 Police, Snigel Design, Ak5


Profits at The New York Times show media dinosaurs are ruling the internet

Today’s news that the (failing?) New York Times reported net income of $55.2 million, after losses a year earlier — and that its digital business raked in $709 million — is just one indicator that some of the nation’s oldest media properties are finally crossing the bridge into the 21st century. The Times managed to turn a profit while employing 1,600 journalists — an all-time high. Fourth-quarter digital advertising revenue increased 22.8 percent, while print advertising revenue decreased 10.2 ...
Tags: Amazon, TC, Spotify, Buzzfeed, Congress, Washington-post, White House, Disney, Digital, Tech, E-commerce, Companies, Netflix, New-York-Times, Vice Media, The-times


Chinese e-commerce challenger Pinduoduo is raising over $1 billion more

The price of competing with e-commerce giants Alibaba and JD.com is immense. That’s evidenced by challenger Pinduoduo, commonly known as PDD, which is raising more than $1 billion in fresh capital just six months after it went public. The company announced plans to sell 37 million shares in a move that will raise over $1 billion, going potentially as high as $1.25 billion if underwriters exercise their full share purchase option. The secondary event will also see a number of existing backe...
Tags: Fundings & Exits, Ecommerce, Asia, China, Funding, Disney, Tech, E-commerce, Companies, Alibaba, JD.com, Tencent, Alibaba Group, Costco, Sequoia, Online Marketplaces


Showing the power of startup women’s health brands, P&G buys This is L

The P&G acquisition of This is L., a startup retailer of period products and prophylactics, shows just how profitable investing in women’s healthcare brands and products can be. A person with knowledge of the investment put the price tag at roughly $100 million — a healthy outcome for investors and company founder Talia Frankel. But just as important as the financial outcome is the deal’s implications for other mission-driven companies. This is L launched from Y Combinator in August 2015 with...
Tags: TC, Y Combinator, New York, India, Africa, San Francisco, Tech, Ceo, Companies, Uganda, United States, South Dakota, President, United Nations, P&G, Procter & Gamble


Vinli raises $13.5m Series B to expand its vehicle data intelligence platform

Connected car service provider Vinli today announced it closed a $13.5 million Series B financing round. The company says this infusion of capital allows it broaden its mobility services and integrations as it attempts to connect cars around the world. The funding came from new and existing investors and brings the total amount the company raised to over $20 million. Based in Dallas, TX, Vinli launched in 2014 in TechCrunch Startup Battlefield as a direct consumer company that allowed owners to ...
Tags: Energy, Startups, Electric Vehicle, Internet Of Things, Texas, Technology, Tech, Ceo, Companies, Computing, Dallas, Connected Car, Cloud Services, Car Service, Netapp, Vinli


Ousted Flipkart founder Binny Bansal aims to help 10,000 Indian founders with new venture

Flipkart co-founder Binny Bansal’s next act is aimed at helping the next generation of startup founders in India. Bansal has already etched his name into India’s startup history after U.S. retail giant Walmart paid $16 billion to take a majority stake in its e-commerce business to expand its rivalry with Amazon. Things turned sour, however, when he resigned months after the deal’s completion due to an investigation into “serious personal misconduct.” In 2019, 37-year-old Bansal is focused on ...
Tags: Startups, Asia, India, Walmart, Bloomberg, E-commerce, Ceo, Companies, United States, Computing, Web Services, Online Payments, Flipkart, Amazon Web Services, Executive, Startup Company


Lewis Machine & Tool Moving Production from Illinois to Iowa

Lewis Machine & Tool, currently based in Milan, Illinois, will be moving to a new purpose built factory and headquarters in Eldridge, Iowa. The move comes as Lewis Machine & Tool embark on fulfilling a new large scale order for the Estonian Defence Forces. The move will see the company move to new premises 20 […] Read More … The post Lewis Machine & Tool Moving Production from Illinois to Iowa appeared first on The Firearm Blog.
Tags: Guns, Companies, Iowa, Illinois, Daily News, Lewis Machine amp, LMT, ELDRIDGE Iowa, Lewis Machine & Tool, Factory Move, Milan Illinois


Healthcare wearables level up with new moves from Apple and Alphabet

Announcements that Apple has partnered with Aetna health insurance on a new app leveraging data from its Apple Watch and reports that Verily — one of the health-focused subsidiaries of Google‘s parent company — Alphabet, is developing a shoe that can detect weight and movement, indicate increasing momentum around using data from wearables for clinical health applications and treatments. For venture capital investors, the movea from Apple and Alphabet to show new applications for wearable d...
Tags: Apple, Google, Startups, TC, Technology, Connected Devices, US, Entrepreneur, Companies, Hypertension, United States, South Africa, United Kingdom, Healthcare, Venture Capital, Disease


Elon Musk Has Revealed the First Firing of a New Starship Rocket Engine

The engine is supposed to power a rocket that might one day take people to Mars
Tags: News, Uncategorized, Companies, Overnight, Onetime


The Motley Fool: ‘Diluted’ shares’

Companies and their stock prices Q: Do companies want their stock prices to be high? A: In general, yes. But understand that when people buy shares of a company’s stock, those proceeds go to whoever sold the shares, not to the company. Companies collect their money when their shares are first issued — via an […]
Tags: Business, News, Companies


Apple fixes FaceTime eavesdrop bug, with software update incoming

Three days after Apple pulled its new Group FaceTime feature offline after users found they could eavesdrop on people before accepting a call, the company says it’s fixed the bug on its end. “We have fixed the Group FaceTime security bug on Apple’s servers and we will issue a software update to re-enable the feature for users next week,” said Apple in a statement. “We sincerely apologize to our customers who were affected and all who were concerned about this security issue. We appreciate eve...
Tags: Apple, Ios, Security, New York, Technology, Privacy, Tech, Companies, Arizona, Andrew Cuomo, Facetime, Apple Store, Apple Inc, Thompson, Governor, Letitia James


Amazon and Flipkart pull 100,000s of products to comply with new Indian law

Amazon has been forced to pull an estimated 400,000 products in India after new regulation limiting e-commerce businesses went into force in the country today. First announced at the end of 2018, the new regulation imposes a ban on exclusive sales, prevents retailers from selling products on platforms they count as investors, and it applies restrictions on discounts and cashback promotions. That’s hugely problematic for Amazon and Flipkart, its rival that’s owned by Walmart following a $16...
Tags: Amazon, TC, Ecommerce, Asia, Business, India, Tech, Walmart, Bloomberg, E-commerce, Companies, New-York-Times, PricewaterhouseCoopers, Online Payments, Retailers, Flipkart


First China, now Starbucks gets an ambitious VC-funded rival in Indonesia

Asia’s venture capital-backed startups are gunning for Starbucks . In China, the U.S. coffee giant is being pushed by Luckin Coffee, a $2.2 billion challenger surfing China’s on-demand wave, and on the real estate side, where WeWork China has just unveiled an on-demand product that could tempt people who go to Starbucks to kill time or work. That trend is picking up in Indonesia, the world’s fourth largest country and Southeast Asia’s largest economy, where an on-demand challenger named Fore C...
Tags: Google, Android, Fundings & Exits, Apps, Asia, Indonesia, China, Southeast Asia, Singapore, Funding, Tech, Economy, Companies, United States, Internet Access, Alibaba


Go-Jek makes first close of Series F round at $9.5B valuation

Go-Jek, the Indonesia-based ride-hailing company that is challenging Grab in Southeast Asia, has announced the first close of its Series F round, as TechCrunch reported last week. The company isn’t revealing numbers but sources previously told us it has closed around $920 million. Go-Jek is planning to raise $2 billion for the round, as reported last year. Go-Jek said that the first close is led by existing backers Google, JD.com, and Tencent, with participation from Mitsubishi Corporation...
Tags: Google, Fundings & Exits, Uber, Asia, Indonesia, Southeast Asia, Singapore, Collaborative Consumption, Funding, Tech, Companies, Thailand, Philippines, Transport, JD.com, Tencent


Go-Jek confirms first close of $2B Series F round at $9.5B valuation

Go-Jek, the Indonesia-based ride-hailing company that is challenging Grab in Southeast Asia, has announced the first close of its Series F round, as TechCrunch reported last week. The company isn’t revealing numbers but sources previously told us it has closed around $920 million. Go-Jek is planning to raise $2 billion for the round, as reported last year. Go-Jek said that the first close is led by existing backers Google, JD.com, and Tencent, with participation from Mitsubishi Corporation...
Tags: Google, Fundings & Exits, Uber, Asia, Indonesia, Southeast Asia, Singapore, Collaborative Consumption, Funding, Tech, Companies, Thailand, Philippines, Transport, JD.com, Tencent


Poor smartphones sales drag LG to first quarterly loss in 2 years

We’ve written extensively about LG’s struggling mobile business, which has suffered at the hands of aggressive Chinese Android makers, and now that unit has dragged its parent company into posting its first quarterly loss for two years. The Korean electronics giant is generally in good health — it posted a $2.4 billion profit for 2018 — but its smartphone business’s failings saw it post a loss in Q4 2018, its first quarterly negative since Q4 2016. Overall, the company posted a KRW 75.7 bi...
Tags: Android, Mobile, Asia, Tech, Smartphone, Smartphones, Companies, Htc, Lg, LG Electronics, KRW, LG Mobile, Brian Kwon


More Than 36,000 Pounds of Tyson Chicken Nuggets Recalled Over Possible Rubber Contamination

The contamination is considered a high health risk
Tags: News, Uncategorized, Companies, Food & Drink, Tyson, Tyson Chicken Nuggets, Onetime


Alibaba’s growth slows to lowest in 3 years

China’s Alibaba continues to see slowing expansion in the latest quarter, but the e-commerce giant’s effort to spur new growth from new arenas have started to bear fruit. The Hangzhou-based firm rang up $17 billion in revenue during the third quarter of 2019. That’s a 41 percent increase from the previous year but it also marks the slowest pace of growth since early 2016. Revenue from the quarter was driven by growth in the firm’s core e-commerce unit, the newly formed local services business be...
Tags: Ecommerce, Asia, China, Digital, Tech, E-commerce, Companies, Alibaba, Tencent, Earnings, Search Engine, Alibaba Group, iQiyi, Baidu, Hangzhou, Koubei


As it raises new cash, Recharge adds homes to its supply of on-demand spaces

Recharge, the business which got its start pitching pay-as-you-go rentals of unused hotel rooms, is adding private homes to its inventory of spaces — offering the first 100 signups in cities where the plan is available a guaranteed income of $1,000 per month. “To celebrate the launch and continue to expand our community early Recharge hosts thate approved to be part of the Recharge 100 of each city will receive a guaranteed $1000/month,” said a spokesperson for the company. “Recharge 100 is a gr...
Tags: TC, New York, Los Angeles, Tech, Companies, Aviation, Airbnb, Airlines, Jetblue, San Francisco Bay Area, Los Angeles New York, Fifth Wall Ventures, Brad Greiwe, Fifth Wall, Emmanuel Manny Bamfo, Emmanuel Manny Bamfo Recharge


Lack of transparency in healthcare startups risks another Theranos implosion

Are more Theranos -style scandals looming for investors in healthcare startups? A team of researchers associated with the Meta Research Innovation Center at Stanford thinks so. They’ve  published a paper warning investors in life sciences startups that a systemic lack of transparency exists in their portfolio companies — creating the possibility for more multi-billion dollar implosions and scandals like the one that toppled Theranos and its charismatic founder, Elizabeth Holmes. Indeed, one of...
Tags: TC, Entrepreneurship, Stanford, Cancer, Articles, Tech, Companies, Diabetes, University, Healthcare, Food And Drug Administration, Astrazeneca, Fda, Cancer Treatment, Device, Abbvie